UPDATE 1-Mahindra signed deal to buy Ssangyong for $464 mln

Newswire

* Ssangyong sales to be completed by March * Ssangyong shares reverse gains, flat * Investors remain cautious over turnaround of SUV maker SEOUL, Nov 23 (Reuters) - India's Mahindra & Mahindra Ltd signed a deal to buy South Korea's money-losing Ssangyong Motor Co Ltd for 522.5 billion won ($464 million), Ssangyong Motor said on Tuesday. Ssangyong said it expects the sales process to be completed in March next year. The widely-expected deal sent Ssangyong shares jumping briefly ...

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